The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-02-25
Florence L. q NJ. Co.. 80 bid, s2l asked
Tenn. Coal aud Iron-..4s bid, 40 Asked
Memphis w ater Co, 100 bid

Florence L. d NJ. Co.. so bid, 323 asked
Tenn. Coal aud Iron--4S bid, 40 Asksd
Memphis Water O.. 100 bid
New YoRk. February 24.-Mopey on
cal easy at Std4l per cent, closing at
St94 per cent. Prime mercanu 9
paper, 6CS6 per cent. Sterling ex
charge weaker at Asst for 60 day bills
and 4SSf for demand.
RoLds-G vernment bonds and State
bonds were dull and eady.
Stocks-The news Of the day was
almost of a character to induce buying
stocks, and the purchasing was Of
better appearance than has been seen
for many days. The result of the Ger
man elections was seen in the buying
for London and German account, and
to this was added a reduction in the
sterling exchange rates, which pre-
clu les the expectation of gold for the
immsdiste future and go removed an
element OF disturbance. Rumors that
certain il fuences, Interests and heavy
operators were buying were circulstsd
with more or less effect. Several ocks
w're affected by special causes, Texas
Pac fc being strong on the SO Element
between the opposing interests in the
reorganization; Union Pac &c ON
the goSing belief that the in
vet CATION bill will .be killed;
Wesern Union on the decision against
the Go mercal Teleg m Company,
and Richmond and West Point on the
revival of the assertion that the
40 oio nanfral mould ho 80. ah
serb d. The trunk lines were favor.
ally affected by the statement of the
Pennsylvania road, which had a gem
orally good Influence upon the mar
ket. A sudden drop was made BY
jersey Central ind r heavy selling by
the Dom traders and reaction in the
general marEet was aft ed at hs
same ime. the opening was barely
steady, tfst prices showing iusigufi-
cant changes only from last EVENINGS
final figures Busints3 was m derate-
ly active and 20 remained throughou
the day. The market was strong from
the opening Union Pacific btiDg the
special feature OF the early dealings.
A fractional reaction o, curred b TO- g
noon, but by that time 1t was ag,ia
s,ronV, Texas Pacific becoming again
prominent. Another reaction occu red
at er l DC ok, Union Pacific Civ
ing way, but in the last hour the ac-
vance again became general, notwith-
standing the break ia Jersey Central.
The latt4r, however, recov red hand
eomely bsfJre the close, which was
sctive and strong at or near the beat
prices of the day. Sales, 800 532
shares. Railroad bonds were active
aod q m to strong. foal quota ions
almost invariably showing fractional
advances. The special features of the
day, however, were the Texas Pac fic
issues, which pa tlcularly wtrs active
and strong under the $, ttlem mt OF the
diff .rences with the income bond |
holders, and the income trust receipts
closed Al higher at 62B, after sales at
81, with total business OF 1884, 900. The
Rio trust receipts were 81 Ter C NJ.
higher at TAT after sales at rs. on
business OF 1917 900, and the New Or
leans Pee fic trust receipts u higher
a. 83s, on q business of 1881 600 in O
totsl business Of ST., 055, 900.
The total sales OF stocks today were
800, 532 shares, iDclud ng Canada
Sont oerp, $3.50; Delaware, Lalkawsnns
and Western, $4,000; Erie, 1892
Missouri, Kansas and Texas, 6232;
Lake Shore, % 420; Missou' Pacific,
3l75; North western, l6 O75; New |
J srsey O-ntra', l2,ll0; New Y,rk
Central, 1925; NoItpe Pacific, 4G40, |
Ohio and Missis ipoi, 7l85; Residing,
5 |,l29; st. Paul, 81 $50; Uaion Pacifi :, |
ALPS; Western Union, %, 780. Closing
quotations.: